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SECTION 3: The North Harbor, South Harbor and South Main Redevelopment <br />Plans of the City of Santa And are hereby amended to repeal the existing debt <br />incurrence time limit so that the Agency can incur debt for these respective project <br />areas up to the current redevelopment plan effectiveness dates, as set forth below. <br /> <br />I Time Limit On Time Limit On Time Limit On i <br />B~d~i~ Incurring Indebted- Plan Receipt of Tax i <br />~ aH ness (revised) Effectiveness Increment ' <br /> (unchanged) (unchanged) <br />North Harbor Plan July 6, 2022 July 6, 2022 July 6, 2032 <br />South Harbor Plan July 6, 2022 July 6, 2022 July 6, 2032 <br />South Main Plan July 6, 2022 July 6, 2022 July 6, 2032 <br /> <br /> SECTION 4: If any section, subsection, sentence, clause, phrase or word of this <br />Ordinance is for any reason held to be invalid by a court of competent jurisdiction, such <br />decision shall not affect the validity of the remaining portions of this Ordinance. The City <br />Council hereby declares that it would have passed and adopted this Ordinance, and each <br />and all provisions hereof, irrespective of the fact that one or more provisions may be <br />declared invalid. <br /> <br />ADOPTED this 20th day of January, 2004. <br /> <br />APPROVED AS TO FORM: <br />Joseph W. Fletcher <br />City Attorney <br /> <br />Lisa E. Storck <br />Assistant City Attorney <br /> <br />Ordinance No. NS-2641 <br /> Page 3 of 4 <br /> <br /> <br />